The bill: establishes a national Tax Practitioners Board as a statutory authority within the Australian Taxation Office; requires certain entities that provide tax agent services and Business Activity Statement (BAS) services to be registered; introduces a Code of Professional Conduct to govern tax and BAS agents; provides for disciplinary sanctions to be imposed by the Board; and replaces criminal penalties for certain misconduct by agents and unregistered entities with civil penalties and injunctions.

in relation to: broadening the list of eligible medical expenses to include payments in relation to guide dogs; rules for payments, loans and forgiven debts made by a trustee to a private company’s shareholder; and deductions for dividends on-paid to non-resident owners;

Income Tax Assessment Act 1997

in relation to: income tax deductions for transport expenses for travel between workplaces; small business capital gains tax relief and discretionary trusts; net input tax credits and capital gains tax; and updating the list of deductible gift recipients;

Energy Grants (Credits) Scheme (Consequential Amendments) Act 2003

to clarify the treatment of claims for fuel purchased in the 3 years preceding the scheme’s introduction;

A New Tax System (Australian Business Number) Act 1999

to clarify permitted disclosure of Australian Business Number information;

Income Tax Assessment Act 1936

and

Income Tax Assessment Act 1997

in relation to income tax deductions for fund-raising event contributions; and 5 Acts to require that charities be endorsed in order to access relevant tax concessions. Also contains application and transitional provisions.

to: add certain organisations and include special schools as specifically-listed deductible gift recipients; give irrigation water providers and rural land irrigation water providers access to the water facilities and landcare tax concessions; enable an administrator (in addition to a liquidator) to declare worthless shares and other equity interests for capital gains tax purposes; and amend application of the first child tax offset provisions in relation to adoptive parents;

Fringe Benefits Tax Assessment Act 1986

to extend the fringe benefits tax exemption to costs associated with purchase of a dwelling as a result of relocation;

Superannuation Guarantee (Administration) Act 1992

to remove the superannuation guarantee (SG) reporting requirement, for employers to report employer superannuation contributions to employees, from the SG arrangements;

Income Tax Assessment Act 1997

,

Income Tax (Transitional Provisions) Act 1997

and

Taxation Administration Act 1953

to clarify operation of the consolidation regime; and

Taxation Laws Amendment Act (No. 8) 2003

to correct a commencement provision. Also contains application and transitional provisions.